Canadian wealth and asset manager IGM Financial Inc. on Monday said it had bought a roughly 20.5% stake in U.S. financial services advisory firm Rockefeller...
Canadian wealth and asset manager IGM Financial Inc. CA:IGM on Monday said it had bought a roughly 20.5% stake in U.S. financial services advisory firm Rockefeller Capital Management for roughly $622 million — a move intended to expand into the U.S. market for high-net-worth and ultra-high-net-worth customers. The move makes IGM Rockefeller’s second largest shareholder, behind Viking Global Investors, IGM said in a release.
market for high-net-worth and ultra-high-net-worth customers. The move makes IGM Rockefeller’s second largest shareholder, behind Viking Global Investors, IGM said in a release. As part of the deal, the release said, the Rockefeller family is also boosting its investment in Rockefeller Capital Management, whose roots go back to 1882, when John D. Rockefeller first opened a single-family office in the U.S.
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